LAHORE - The Punjab government has appointed Rizwan Khalid Butt as chairman of Punjab Industrial Estates Development and Management Company (PIEDMC) after the resignation of Tahir Javed Malik. Rizwab Butt has assumed the charge of his office.
He served the PIEDMC as one of the directors for the last many years and was later asked to work as an acting chairman on completion of the second tenure of SM Tanveer last year. SM Tanveer was appointed as ahairman of Punjab Industrial Estates Development and Management Company (PIEDMC) in October 2009. SM Tanveer is also former chairman of the All Pakistan Textile Mills Association and director of Din Group of Companies.
In May 2016, Lahore Chamber of Commerce and Industry’s former senior vice president and PIAF ex-chairman Tahir Javed Malik was appointed as the chairman of PIEDMC. He was forced to quit the company within a couple of months.
The Shehbaz Sharif’s government of the PML-N has now appointed Rizwan as PIEDMC chief keeping in view of his services in the field industry.
He is an eminent businessman and known for his humility and tremendous zeal in the business community. He has contributed a great deal in industrial policy formulation at the provincial level particularly the establishment of Quadi-e-Azam Apparel Park, the ground-breaking of which is expected at the end of next month.
After assuming the charge, Rizwan Khalid Butt vowed to set up new industrial estates, in line with the vision of the Chief Minister Punjab Shehbaz Sharif, to convert Punjab into an industrial province and provide job opportunities to its people.
He emphasized the need to develop industrial strategy to establish industrial estates in all the districts of Punjab province.
It is to be noted that back in 2003, the Punjab government established the Punjab Industrial Estates Development and Management Company (PIEDMC) with the objective to materialise its vision of industrial development.
PIEDMC is a Section 42 non-profitable company, incorporated under Companies Ordinance 1984.
The Punjab government owns the company and is being run by a Board of Directors (BOD) comprising of 16 directors, majority of whom are private sector industrialists and the rest are ex-officio members.
Prominent directors included Majid Zahoor, Ch Akhtar Ali, Muhammad Ali Mian, Yaqoob Tahir Izhar, Irfan Qadri, Arif Saeed, Shahid Hassan Sheikh, Begum Tahmina Daultana, Ms. Shaista Pervaiz Malik, Secretary Industries Department and Secretary Finance Department etc.